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Indiana Univ.'s Assembly Hall will be "named after philanthropist Cindy Simon Skjodt" following her $40M gift to "renovate the iconic 42-year-old basketball arena," according to a front-page piece by Kravitz & Osterman of the INDIANAPOLIS STAR. The building will "become Simon Skjodt Assembly Hall when renovations are complete" around '16. The $40M figure is the "largest gift in athletic department history and fourth-largest in school history," and will "pay for most or all of the work" on the arena. It is part of IU's $150M fundraising campaign to "improve athletic facilities." Simon Skjodt's father is late Pacers co-Owner Mel Simon. Changes at Assembly Hall include "luxury seating above the bleachers behind the south basket; escalators ...